A revocable trust can change how your assets are managed and transferred, but it generally doesn't change how they're taxed while you're alive.
Becca Stanek is a Freelance Writer and Editor. She specializes in finance, personal finance, investment, and real estate, with a focus on topics such as credit health, debt management, retirement planning, and wealth management. Becca's work has been featured in prominent publications including AOL, Forbes, and The Wall Street Journal.